Category: Institutional

TORA unavista MiFID reporting
June 22, 2017 BY Valentina Kirilova

TORA Partners with LSEG’s UnaVista for MiFID II transaction reporting

TORA, provider of advanced cloud-based order and execution management system (OEMS), today announced that it has joined the London Stock Exchange Group’s UnaVista Partner Programme to help clients meet the transaction reporting requirements of MiFID II. When MiFID II comes into force in January 2018, buy-side firms will be required to submit transaction reports directly…

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June 22, 2017 BY Valentina Kirilova

RSRCHXchange survey reveals 85% of asset managers expect to comply with MiFID II rules in Q4 or later

Poll of 562 asset managers reveals that two weeks before the regulation enters law, 54% of funds still feel they don’t have enough information on research unbundling, indicating that more education needs to be done. RSRCHXchange, the aggregator and marketplace for institutional research, today released headlines from the results of their latest survey analysing the…

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June 22, 2017 BY Valentina Kirilova

KCG announces redemption of 6.875% senior secured notes due 2020

KCG Holdings, Inc. (NYSE: KCG) today announced that it will redeem all of its outstanding 6.875% Senior Secured Notes Due 2020 (ISIN No. US48244BAC46) (the "Notes") on the business day immediately following the effective date of the Agreement and Plan of Merger, by and among Virtu Financial, Inc. (NASDAQ:VIRT), Orchestra Merger Sub, Inc. and the…

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June 20, 2017 BY Valentina Kirilova

Axioma partners with Omega Point to enable ‘Quantamental’ approach in fundamental investing

Axioma, a global provider of innovative risk and portfolio management solutions, today announced a new partnership with Omega Point, a portfolio intelligence tool for fundamental-style managers. Through this licensing agreement, Omega Point clients can now access Axioma’s suite of factor models via their existing workflow. This will enable closer alignment of modelling assumptions and risk…

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June 20, 2017 BY Valentina Kirilova

Pirum partners with wematch.securitiesfinancing

wematch.securitiesfinancing, the global multi-product and multi-asset-class, web-based securities financing dealing platform and Pirum Systems, real-time STP services to the securities finance industry company, just announced their collaboration. This will enable clients to leverage wematch.securitiesfinancing expertise in electronic trading, combined with Pirum Systems' seamless connectivity to automate the post-trade lifecycle. Clients will be able to execute…

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GTX forex Zurich Switzerland
June 19, 2017 BY LeapRate Staff

GTX opens Zurich institutional FX office, headed by Antonio Fananas

GTX (Switzerland) GmbH, the Swiss institutional FX subsidiary of global forex broker Gain Capital Holdings Inc (NYSE:GCAP), has announced that it has opened a new office in Zurich to support sales to money center and regional banks as well as fund managers. The new office is headed by Antonio (Toni) Fañanas, Director, Institutional Sales. Mr.…

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June 19, 2017 BY admin

BNZ first New Zealand bank to join SwapClear

BNZ (Bank of New Zealand) one of New Zealand's largest banks announced today that it has become a Direct Clearing Member of LCH’s SwapClear interest rate swap clearing service – and has successfully cleared its first trade as a direct member. BNZ Head of Markets, Graeme Liddell said: Being the first New Zealand member of…

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CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
June 15, 2017 BY Valentina Kirilova

CLS Group May average daily traded volume up 2% MoM

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of May 2017. The average daily traded volume submitted to CLS was USD1.55 trillion up 2.0% from USD1.52 trillion in April 2017. May 2016 April 2017 May 2017 Average daily traded volume…

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June 15, 2017 BY Valentina Kirilova

Switzerland is getting a new finance museum

On 28 June 2017, the new Swiss Finance Museum will open its doors at Pfingstweidstrasse 110 The first of its kind in Switzerland, it combines historical exhibits with state-of-the-art multimedia installations. The museum is located in the new global head office of SIX, the operator of Swiss financial infrastructure. The completely redesigned exhibition introduces visitors…

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